Informing the Legislature that on June 28, 2024, the Governor signed the following bill into law: SB3236 HD1 CD1 (ACT 121).

This bill serves as a formal notification that the Governor signed Act 121 into law on June 28, 2024. The underlying law modifies the Land Trust Act by clarifying that if a land trust document explicitly states beneficiary interests are personal property, that designation controls; otherwise, those interests are treated as real property. This change directly affects individuals and organizations holding interests in land trusts in Hawaii by standardizing how those interests are classified for legal purposes. The legislation includes a provision ensuring that rights and duties established before the law takes effect remain unchanged.